Trump failed to stop inflation. Now Republicans may pay price in midterm elections
WASHINGTON — President Donald Trump would prefer that voters not worry about inflation. But it's hard for them to ignore. Filling up a basic Ford F-150 truck now costs about $100, up $30 from a year ago. Mortgage rates have jumped to levels that have depressed home sales. And for the past 12 months, consumer prices have risen faster than paychecks, making the average family poorer. One week…
President Donald Trump finds himself facing an uphill battle as inflation continues to plague the nation. Fuel prices for a basic Ford F-150 truck have surged by $30 from the previous year, while mortgage rates have soared to levels that have dampened home sales. For the past year, consumer prices have outpaced wage growth, leaving families with less purchasing power.
As midterm elections loom, Trump finds himself grappling with his failed promise to curb costs, despite claiming the economy is experiencing a "golden age." His insistence on maintaining that rates and oil prices will plummet once the Iran war concludes contrasts with his rosy rhetoric, which critics argue is nothing more than a "con job by the Democrats."
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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